Saudi Entertainment Ventures (SEVEN), a subsidiary of the Public Investment Fund (PIF), said on Wednesday that it was launching its largest project to date in the Eastern Province of the Kingdom - an amusement park, along with other entertainment projects.
Saudi Arabia's Public Investment Fund is planning to tap the debt market for billions of dollars, according to a Wall Street Journal report, which cited comments from the country's finance minister Mohammed Al-Jadaan.
Saudi Arabia’s national oil company Saudi Aramco has agreed to buy a 70% stake in Saudi Basic Industries Corporation (SABIC), the kingdom’s leading petrochemical firm, for $69.1 billion in a private transaction, SABIC said in a press release.
It’s the biggest tech deal the Middle East region has ever seen.
Uber Technologies, Inc. is buying regional ride-sharing rival Careem for $3.1 billion, $1.7 billion in convertible notes and $1.4 billion in cash.